PPF account for minors: What parents can and cannot do with their child's savings
New Delhi, Aug. 22 -- An recent case involving a legal conflict between a father and daughter over ownership of a PPF account has put the focus on parental financial boundaries. The daughter sued her father for withdrawing all funds from her PPF account before she could claim it upon maturity.
Aggrieved by her father's action, she approached the court, alleging that he had falsely withdrawn over Rs.8 lakh and closed the PPF account in 2016, claiming that the money would be used towards her education and maintenance expenses.
The complainant, now a college student, complained that she was facing difficulties in funding her education, particularly after her parents separated due to a marital discord and she began living with her mother.
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इस लेख के रीप्रिंट को खरीदने या इस प्रकाशन का पूरा फ़ीड प्राप्त करने के लिए, कृपया
हमे संपर्क करें.